Morning Market Losers (XOMA, DGW, KFS, INS)
XOMA Ltd (NASDAQ: XOMA) fell 31.27% to $3.45 at 9:55 am. XOMA reported that its potential diabetes treatment failed to lower blood sugar in a mid-stage study.
Duoyuan Global Water Inc (NYSE: DGW) shares dipped 14.79% to $6.97. DGW reported a 13.7% y/y rise in its Q4 revenue.
Kingsway Financial Services Inc (NYSE: KFS) dropped 13.86% to $0.9303. KFS projects to post a Q4 decline in shareholders' equity of around $55 million, or around $1.06 per share.
Intelligent Systems Corporation (AMEX: INS) shares lost 13.64% to $1.90. INS reported a Q4 net loss from continuing operations of $315,000, versus a net income of $189,000, in the year-ago period.
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